Rational Thinking – Brexit Uncertainty Causes Economy To Shrink Last Week GBP: British economy shrank for first time since 2012 GDP contracted at a quarterly rate of 0.2% Manufacturing was biggest reason for contraction Corbyn said he will call for a vote of no confidence after summer recess Johnson ups no-deal preparations This Week GBP: Average Earnings excluding bonus (June); expected to increase to 3.8% from 3.6% Consumer Price Index (YoY) (Jul); expected to remain at 2% EUR Eurozone GDP (YoY Q2); expected to remain at 1.1% Eurozone GDP (QoQ Q2); expected to remain at 0.2 USD Consumer Price Index ex Food & Energy (YoY Jul); expected to remain at 2.1% Consumer Price Index ex Food & Energy (MoM Jul); expected to fall to 0.2% from 0.3%